Tag: Japan: Tokyo Steel cuts H2 scrap purchase prices for second time in August by JPY 500/t ($3/t)

Steelmaker reduces total prices in the range $16-32/t since May Stronger currency may erode competitiveness of Japanese exports Tokyo Steel, Japan’s largest electric arc furnace (EAF) steelmaker, announced its second H2 scrap price cut in August, reducing purchase prices by JPY 500/t ($3/t) across all plants, effective 5 August. The latest reduction reflects continued weakness…